3 ms·
In elons case - the vast majority of his wealth is stock options that he can’t physically use yet, under the terms of his reimbursement plan at Tesla. That kin
by InTheArena 5y ago
In elons case - the vast majority of his wealth is stock options that he can’t physically use yet, under the terms of his reimbursement plan at Tesla.
That kind of illiquidity is not taken into account In this argument.
- phonon 5y agohttps://www.tesmanian.com/blogs/tesmanian-blog/elon-musk-owns-22-4-of-tesla-shares https://www.tesmanian.com/blogs/tesmanian-blog/elon-musk-own... (a) Amount beneficially owned: 227,131,935 shares which includes (i) 170,492,985 shares of Common Stock held by the Elon Musk Revocable Trust dated July 22, 2003 and (ii) options to purchase 56,638,950 shares of Common Stock that are exercisable within 60 days of December 31, 2020. On August 28, 2020, the Issuer effected a five-for-one stock split of its Common Stock (the “Stock Split”). The share numbers reported on this Schedule 13G / A reflects the Stock Split. (b) Percent of class: 22.4% (percentage ownership is calculated based on 959,552,475 shares of Common Stock outstanding as of December 31, 2020 and assumes that the shares of Common Stock underlying the stock options are deemed outstanding pursuant to SEC Rule 13d-3 (d) (1) (i)).
- fassssst 5y agoOne might ask why the vast majority of his wealth is stock options.
- ashtonkem 5y agoAnd why we allow stock options to be used as a vehicle for tax avoidance.